Vietnam welcomes investment in hi-tech, semiconductor industries: PM
Vietnam welcomes and encourages investments in hi-tech and semiconductor industries by providing appropriate mechanisms, incentives and modern infrastructure, said Prime Minister Pham Minh Chinh.
Prime Minister Pham Minh Chinh (R) and Group Vice President of Global Operations at Lam Research Karthik Rammohan (Photo: VNA)
Hanoi (VNA) - Vietnam welcomes and encourages investm꧋ents in hi-techand semiconductor industries by providing appropriate mechanisms, incentives and modern infrastructure,said Prime Minister Pham Minh Chinh.
PM Chinh made the statement at a reception in Hanoi on March20 for Karthik Rammohan, Group Vice President of Global Operations at Lam Research, one of the leading US semiconductor manufacturing equipment providers, and representatives of the Seojin Company of the Republic of Korea. The two companies are collaborating in semiconductor chip production in Vietnam. Lam Research, headquartered in California, recorded a revenue of 19 billion USD in 2022. As of March 2023, it had employed over 18,700 employees. Rammohan said Lam Research is looking to expandoperations and diversify its supply chain in Asia. In Vietnam, thecompany is planning to collaborate with Seojin, which already has factories in northern Bac Ninh and Bac Giang provinces, to develop factories and establish a supply chain with an investment of 1-2 billion USD in the first phase. After the first phase, it will possibly invest directly or expanding its operations in the Southeast Asian country. He expressed interest in Vietnam's investmentpromotion policies and programmes that could support the development of adomestic supply chain ecosystem for the semiconductor industry. PM Chinh highlighted sci-tech and innovation as important cooperation areas in Vietnam's comprehensive strategic partnershipswith both the US and the RoK. He pointed to Vietnam's efforts in training aworkforce of 50,000-100,000 engineers by 2030 to meet the demand of enterprises. Meanwhile, major tech players such as Samsung,Intel, and Foxconn are already present in Vietnam, he said, adding that many other leading globalcorporations are continuing to explore opportunities and investment in thecountry. In the spirit of harmonising interests and sharing risks for mutualdevelopment, he expected that both companies would focus on research anddevelopment (R&D) activities, technology transfer, thus helping todevelop a robust semiconductor ecosystem in Vietnam. He called for continued close collaboration betweenthe companies and relevant Vietnamese authorities and localities to ensure a smooth and legalinvestment process./.
Ho Chi Minh City's Saigon Hi-Tech Park (SHTP) and Siemens Electronic Design Automation (Siemens EDA), a segment of Siemens Digital Industries Software, on February 27 signed a memorandum of understanding (MoU) on cooperation in personnel training in the semiconductor chip industry in Vietnam.
By 2045, Vietnam will become an important link in the global semiconductor industry value chain with a contingent of engineers and experts capable of meeting the industry requirements in both quality and quantity, said Minister of Planning and Investment Nguyen Chi Dung.
The Vietnam National University, Ho Chi Minh City (VNU-HCM) and US technology enterprise Synopsys signed a memorandum of understanding (MoU) on March 15 to enhance the VNU-HCM’s semiconductor training and research capacity.
Prime Minister Pham Minh Chinh’s working trip conveyed an important message that aligns with the event's theme -the spirit of entrepreneurship for a new era- aiming to maximise international resources in service of national development.
The attendance of the Vietnamese delegation headed by PM Pham Minh Chinh at the 16th Annual Meeting of the New Champions of the World Economic Forum (WEF) in Tianjin carries importance significance, said a researcher on Vietnam.
Party General Secretary To Lam expressed his belief that Australian Ambassador Gillian Bird, with her extensive experience and deep understanding of the region, would make significant contributions to advancing the Vietnam–Australia Comprehensive Strategic Partnership while receiving the newly appointed diplomat in Hanoi on June 26.
Speaking to reporters on June 26, Ministry of Foreign Affairs spokesperson Pham Thu Hang stated that Vietnam calls all parties involved to seriously comply with the agreement, creating conditions for peace, stability, and development in the region and the world.
The President also identified certain limitations in advisory work that require continued innovation and quality improvement to meet state leadership requirements.
The Law on Participation in United Nations (UN) Peacekeeping Operations establishes the fundamental principles, roles, functions, and operational framework for Vietnam’s engagement in the UN peacekeeping missions.
Prime Minister Pham Minh Chinh on June 26 visited the Memorial Hall of the first National Congress of the Communist Party of China (CPC) and Pudong district, a development model in the new era of Shanghai as well as China.
The resolution on tuition exemption and support in the national education system was approved with 440 out of 441 deputies present voting in favour. It takes effect from the date of its adoption and will be applied starting from the 2025–2026 academic year.
An official of HCM City attributed achievements of the two countries' relations to not only efforts by both countries' governments but also perservering support from people's organisations, businesses, and dedicated individuals.
The two sides committed to adopting breakthrough measures to broaden the scope of cooperation and further boost trade turnover in a more balanced and mutually beneficial manner, towards better responding to fluctuations in global trade and contributing to ensuring a stable and sustainable supply chain.
Prime Minister Pham Minh Chinh proposed the city enhance exchanges with Vietnamese localities, particularly Ho Chi Minh City. He called for deeper, result-oriented cooperation in trade, investment, and strategic development — especially in sectors where Shanghai has strengths and Vietnam has demand, such as transport infrastructure, smart and green cities, and innovation.
President Luong Cuong appreciated the ambassadors' contributions to Vietnam's relations with their countries and called for continued efforts to help advance those ties.
PM Pham Minh Chinh called on the SSE and the Shanghai IFC to share their expertise with and provide technical support for relevant Vietnamese ministries and agencies during the process of building Vietnam’s own international financial centre.
According to the resolution, Nguyen Thi Thanh, a member of the Party Central Committee and Vice Chairwoman of the NA, was appointed Standing Vice President of the council and head of its personnel sub-committee.
PM Pham Minh Chinh has expressed his confidence that Asia has all the necessary foundations to continue rising, asserting its role as a pillar and driving force of the global economy.
In his closing speech at the 10th plenum of the Party Central Committee in September 2024, Party General Secretary Lam declared: “With the position and strength accumulated over 40 years of renewal, and with the unity of the entire Party, people, and army, alongside new opportunities under the sound Party leadership, we now possess the essential conditions to enter a new era."
Prime Minister Pham Minh Chinh (R) and Group Vice President of Global Operations at Lam Research Karthik Rammohan (Photo: VNA) 
